Added 749000. 00 jobs in the month of september according to payroll firm a. D. P. A. D. P. Reported the sectors that gained the most jobs were trade transportation and utilities followed by manufacturing than leisure and hospitality which has just been decimated by the cove in 1000 pandemic and the health and Education Services sector so what does this all mean for the overall state of the economy and the prospects of a recovery lets go ahead and get some expert analysis from professor Richard Wolfe author of the sickness is the system and capitalism fails to save us from pandemics or itself and boom bust cohost christi i thank you both for being here professor wolf i want to start with you many people still believe that this rebound is still intact and that the 3rd and 4th quarter will swing back and expectations are that the economy will expand at an annual rate of 30 percent as businesses have reopened and millions of people have gone back to work as we just mentioned now do you se
Was more than triple that of the previous record holder of 10 percent in the 1st quarter of 1958 now economists suspect substantial gains in the 3rd quarter as millions of americans have gone back to work and businesses have started to open their doors to customers once again and on that same no private Sector Companies added 749000. 00 jobs in the month of september according to payroll firm a. D. P. A. D. P. Reported the sectors that gained the most jobs were trade transportation and utilities followed by manufacturing then leisure and hospitality which has just been decimated by the copen 1000 pandemic and the health and Education Services sector so what does this all mean for the overall state of the economy and the prospects of a recovery but lets get some expert analysis from professor Richard Wolfe author of the sickness is the system when capitalism fails to save us from pandemics or itself and boom bust cohost christine thank you both for being here. Professor wolf i want to s
It seems the path of least resistance so far when there is looking at the south korean currency as well. 1,200 there. 99. 11 here. Dollaryen, 107. Gold here, a rally to 1,700 an ounce. We are still continuing to flirt with alltime lows as far as australia is concerned. Well leave it here for now. Slightly risk off. Lets get it to su kenan in new york. We start with the latest with turkey. Turkey says military force also cross the border into syria at the start of its incursion against Kurdish Forces after President Trump indicated the u. S. Would not opposed the cross Border Operations against longterm american allies. Turkey says it move into syria to take control of an area from kurdish fighters it considers to be terrorists. To brecks it now. The blame game is heating up with a Nodeal Brexit looking increasingly likely. Sterling fell after Boris Johnson spoke to chancellor merkel and accused her of making a new deal impossible. She insisted that Northern Ireland must remain in the e
For its purposes and rely on supervisory and regulatory tools, you know, to keep the Financial System resilient so youre not doing something today to help today and then its going to cause problems down the road . Youre not worry about that kind of dynamic theres very few things i dont worry about at all of course we monitor we have every quarter an extensive briefs on financial stable we have that yesterday we look at this on an ongoing basis. We have a great team we liase around the world. Were very much monitoring these things all the time, and we worry about them all the time. Were looking for the thing that we may have missed a lot of the time the things we havent missed, they paint a mixed picture, but not one to prevent us from taking Monetary Policy actions that we think are appropriate to support the economy. Reporter youve talked in this press conference about being data dependent Going Forward and this is not the start of a series of rate cuts, but the Financial Markets seem
Wage negotiations, the initial numbers coming out with the likes of toyota, meeting all the salary demands. That is something lauded by the likes of the prime minister. It is something they would like to see and it is playing into the direction of the boj, thinking about if we see any move next week. Japanese yen strength has been waited on equities, and we are seeing it, a little under pressure so far, but we also had u. S. Stocks retreating overnight. Is that a countdown . We have more inflation data and ppi numbers as the last step before we get the fed meeting next week. No change expected but it could play into the language we hear from jay powell and the signaling out of the meeting. For japan, you do see the border index flat right now, but lets look at how korea is coming online, as well, so you can see that the kospi is pretty much flat, watching the korean today because as we discussed the last hour, the yuan to be tracking today because we do have the country and regulators